Better Benefits

In MetLife’s 2019 Employee Benefit Trends Study, 6 in 10 employees said benefits were an important reason why they joined their company. Benefits rank second to salary. So, whether you’re focused on hiring or retaining talent (or both!), your benefits package is fundamental to being a gr...

Small Group vs Large Group Insurance
High growth companies, especially those in the tech startup world, often race past the large group health insurance milestone without much fanfare. It’s understandable. Until you hit 50 or 100 employees (see table; the number varies by state), you don&rs...

In the competition for talent, salary and benefits consistently remain the top two swaying factors. In fact, a Glassdoor survey showed that 4 out of 5 employees would prefer better benefits over a raise (79%). And the numbers spike (89%) for younger employees in the 18-34 age range.
Busin...

This infographic shows the current state of financial wellness programs including the biggest barriers, the most popular benefits, opportunities to stand out, and best practices.
Employers are also exploring implementing financial wellness benefit...

My background in fintech combined with an awful experience navigating health insurance for a chronically ill loved one is where the Lumity story starts.
As a co-founder of Motif Investing, making employee benefits decisions fell on my shoulders. A...

Today, most employers make health plan and benefits decisions blindly. Employees know how much they're spending on health care, but they have little say in deciding which plans a company will offer them. Yet you share a common goal: lowering...

Back in April, I had the chance to network with hundreds of HR professionals at the Health & Benefits Leadership Conference in Las Vegas. Several weeks have passed, but I’m still referencing my notes and digesting my top three takeaways. Ma...

Where we last left off in this series, the key takeaway was “money talks”: finding your employer contribution sweet spot incentivizes further employee Health Savings Account (HSA) uptake. But after the right employer contribution is in pl...

A modern and thoughtfully designed Parental Leave policy sends a strong signal that a company values its employees and is committed to equity and diversity in the workplace. Respondents included companies ranging from 50 to 30,000 employees across in...

How Lumity helped Gametime transition seamlessly off Zenefits, get better benefits and realize savings at the same time.
PAIN POINT
100-person Gametime was rapidly adding headcount and looking to move off their current Zenefits HRIS platform. T...

This benchmark survey was taken by 947 employers from across the country. The majority respondents were from organizations employing fewer than 500 employees.
The trends seem to indicate that employers continue to use benefits as a tool to attract...

With constantly shifting legislation, technology platforms, and rising healthcare costs, the benefits industry remains an antiquated system held together by duct-tape. Since Lumity's start in 2014 to unbundle benefits, we've learned a few ins...

Budgeting for benefits. Every year during FP&A, finance professionals gather around spreadsheets trying to read the tea leaves on expected company benefit costs for the coming quarter or year.
CFOs need to budget cash reserves (for self fundin...

Big things are happening here at Lumity.
Our core belief, that people should be able to easily access the information they need to make the right health insurance decisions no matter the size of their employer, drives us.
Today we are happ...